As expected, Carmelo Anthony is set to become a free agent.

Sources reporting to Yahoo!’s Adrian Wojnarowski say that the 11-year NBA vet and last year’s scoring champion will leave the final year of his deal worth $23.5 million.

Anthony is determined to explore free agency and will closely examine opportunities with the Chicago Bulls and Houston Rockets, league sources said.

New York can offer Anthony, 30, the most money and security — a five-year, $125 million-plus contract — but he’s intrigued with the chance to join an immediate contender in Chicago and Houston, league sources said. New York can’t begin to get out from under its salary cap issues until next summer.

Both the Rockets and Bulls would have to make other maneuvers to free up cap space to sign Anthony, or even the biggest prize of the free agency period, LeBron James should he opt out of his deal with the Miami Heat.